Included in this issue: SANCTIONS: Iran Sanctions | BRIBERY AND CORRUPTION: City of London Police launches three films on bribery and corruption | HMRC: HMRC powers to recover tax and tax credit debts | HEALTH AND SAFETY: Company director jailed for 8 months for health and safety offence | CYBER CRIME: UK teen sentenced over "biggest" cyber attack | FINANCIAL REGULATION: Investor engagement in a changing regulatory landscape | GENERAL: Tom Hayes Trial Continues | Ex-UKIP MEP convicted of 11 counts of false accounting, fraud and related offences | National Crime Agency Annual Report and Accounts 2014/15 | SFO Annual Report 2014-2015
Iran, the US, UK, France, Germany, Russia and China have reached an agreement in relation to Iran's nuclear programme. Once it has been verified that Iran has taken steps to shrink its nuclear programme, UN, US and EU sanctions will be lifted.
The Guardian, 14 July 2015
Bribery and Corruption
City of London Police launches three films on bribery and corruption
The City of London Police have launched three films to raise awareness of the perils of professionals and companies getting involved in bribery and corruption.
City of London Police, 10 July 2015
HMRC powers to recover tax and tax credit debts
The Summer budget announced the introduction of changes to HMRC's powers to recover tax and tax credit debts directly from debtors' bank and building society accounts.
The changes, once implemented, will allow HMRC to recover money directly from debtors' bank and building society accounts without their permission if they owe £1,000 or over. They will also allow HMRC to freeze all but £5,000 of a person's assets.
HM Treasury, July 2015
Health and Safety
Company director jailed for 8 months for health and safety offence
Company director jailed for 8 months and banned from being a company director for 8 years for a health and safety offence following a 16 year old's fatal work accident.
BBC, 14 July 2015
UK teen sentenced over "biggest" cyber attack
UK teen sentenced to 240 hours of community service for his part in the "biggest cyber attack in history" in 2013.
BBC, 10 July 2015
Investor engagement in a changing regulatory landscape
FCA Director of Market Oversight, Marc Teasdale, gave a speech at the Investor Relations Society Conference.
Mr Teasdale's speech discussed, among other things, the developments relating to insider information through the recent Tribunal judgement in the case of Ian Hannam and the changes to the regulatory landscape as a consequence of the upcoming Market Abuse Regulation (MAR). The MAR will come into force from July 2016.
Tom Hayes Trial Continues
It is reported that Tom Hayes is maintaining that there was a range of potential Libor submissions that were all accurate and that requesting "favours" of other bank rate submitters to pick a rate that helped him and his bank's own trading positions did not constitute dishonesty.
Risk.net, 14 July 2015
Ex-UKIP MEP convicted of 11 counts of false accounting, fraud and related offences
Ex-UKIP MEP, Ashley Mote, was convicted of four counts of obtaining money transfer by deception, three counts of false accounting, two counts of fraud and two counts of money laundering.
Mr Mote was sentenced to five years.
Crown Prosecution Service, 13 July 2015
National Crime Agency Annual Report and Accounts 2014/15
The NCA has published its second annual report, which examines its statutory function over its first full operational year, provides commentary against its annual plan and how its discharged its statutory function over the year.
SFO Annual Report 2014-2015
The SFO filed its annual report for the year ended 31 March 2015.
Over the last year the SFO opened 16 new investigations and successfully prosecuted 18 defendants in 9 cases.
It continues its investigations into major matters, such as LIBOR, and 30 defendants in relation to 7 cases are currently awaiting trial.
SFO, 16 July